How to Buy Obyte (GBYTE)

A Step-by-Step-Guide on how to buy Obyte (GBYTE)

Step 1 – Join Kraken

In the beginning you'll need to purchase units of the bigger coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below for registration and to get Bitcoin (BTC) or Ethereum (ETH).

Binance Signup
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Obyte (GBYTE) is available on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual)

Make sure you have chosen the right coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).

Step 3 – Find Obyte (GBYTE)

Once your deposit has been confirmed, you will now have access to your funds and you can commence invest and trading. To invest in Obyte (GBYTE) on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

To discover Obyte (GBYTE), you will need to put the cointype (GBYTE) into the search-box, which is highlighted in the graphic. Make sure you have selected the right grouping, we've marked this too. Click on “GBYTE/BTC” to go on.

Binance Hot To Buy Obyte (GBYTE)
Binance How to Buy (GBYTE) Obyte
Step 4 – Buy Obyte (GBYTE)

As soon as you have located Obyte (GBYTE), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). Next we're making our own Limit Order.

The field with the “Price” tag will be automatically filled with the most latest price Obyte (GBYTE) was sold for. You can change this to your desired price. The field with the “Amount” tag is the volumen of GBYTE you like to purchase. The ”Total” field is the aggregated price in Bitcoin that you'll settle for the whole quantity of GBYTE.

When you are glad, make a mouse click on “Buy GBYTE”. Your plan will be filled when a Vendor trades their GBYTE for the price you introduced.

Step 5 – Withdraw Obyte (GBYTE)

Unless you're regularly trading, best advise is not to keep your crypto coins on an Exchange for an extensive period of time. To withdraw your Obyte (GBYTE), go to the ”Funds” tab and mouse click on “Withdraw”. Obyte (GBYTE) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Obyte (GBYTE) by using the given drop-down box. Put into the quantity of Obyte (GBYTE) you would like to take off. Don't forget the shown minimus/fees. Also make sure you have filled your right withdraw address.

When you're satisfied, click on “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.

Binance Withdraw

Congratulations! You've successfully purchased and safed Obyte (GBYTE).

That's it!

Take offs from Crypto Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). Once you've confirmed your take off with Etherscan.io or Ethplorer.io and the (GBYTE) Obyte is safe within your wallet, you are all done.
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